Biden's Tax Proposal Leaves Out Social Security So Far
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President Biden recently revealed the details of a tax proposal that, if passed, could leave the wealthy on the hook for a much higher IRS liability. For one thing, Biden is seeking to raise the top marginal tax rate from 37% to 39.6% for the country's highest earners. Biden is seeking to tax long-term capital gains at the highest marginal rate he's proposing -- 39.6%.